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NET EARNINGS PER SHARE AND SHARE REPURCHASES (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Dilutive Potential Common Shares Diluted earnings per share is net earnings divided by the sum of the weighted average number of our outstanding common shares and the effect of our outstanding dilutive potential common shares.

 

 

QUARTER ENDED

 

 

YEAR-TO-DATE ENDED

 

SHARES IN THOUSANDS

 

JUNE 2022

 

 

JUNE 2021

 

 

JUNE 2022

 

 

JUNE 2021

 

Weighted average common shares outstanding – basic

 

 

744,542

 

 

 

750,127

 

 

 

746,017

 

 

 

749,429

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

308

 

 

 

443

 

 

 

346

 

 

 

330

 

Restricted stock units

 

 

410

 

 

 

659

 

 

 

415

 

 

 

699

 

Performance share units

 

 

322

 

 

 

279

 

 

 

416

 

 

 

315

 

Total effect of outstanding dilutive potential common shares

 

 

1,040

 

 

 

1,381

 

 

 

1,177

 

 

 

1,344

 

Weighted average common shares outstanding – dilutive

 

 

745,582

 

 

 

751,508

 

 

 

747,194

 

 

 

750,773

 

 

Potential Shares Not Included in the Computation of Diluted Earnings per Share

The following shares were not included in the computation of diluted earnings per share because they were either antidilutive or the required performance or market conditions were not met. Some or all of these shares may be dilutive potential common shares in future periods.

 

 

 

QUARTER ENDED

 

 

YEAR-TO-DATE ENDED

 

SHARES IN THOUSANDS

 

JUNE 2022

 

 

JUNE 2021

 

 

JUNE 2022

 

 

JUNE 2021

 

Performance share units

 

 

573

 

 

 

1,142

 

 

 

573

 

 

 

1,142